TIAA CREF Investment Management LLC Purchases New Stake in Domo Inc (DOMO)
TIAA CREF Investment Management LLC purchased a new stake in Domo Inc (NASDAQ:DOMO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,319 shares of the company’s stock, valued at approximately $243,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Domo by 6.9% during the 3rd quarter. BlackRock Inc. now owns 4,239,406 shares of the company’s stock valued at $90,936,000 after purchasing an additional 272,736 shares during the last quarter. Sylebra HK Co Ltd increased its position in shares of Domo by 235.5% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,341,918 shares of the company’s stock valued at $28,784,000 after purchasing an additional 941,918 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Domo by 90.4% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 625,510 shares of the company’s stock valued at $13,417,000 after purchasing an additional 296,993 shares during the last quarter. Whetstone Capital Advisors LLC purchased a new stake in shares of Domo during the 3rd quarter valued at $6,587,000. Finally, Alliancebernstein L.P. increased its position in shares of Domo by 293.3% during the 3rd quarter. Alliancebernstein L.P. now owns 295,000 shares of the company’s stock valued at $6,328,000 after purchasing an additional 220,000 shares during the last quarter. 62.47% of the stock is owned by institutional investors and hedge funds.
DOMO stock opened at $31.29 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.04 and a current ratio of 2.04. Domo Inc has a fifty-two week low of $13.28 and a fifty-two week high of $32.23.
Several brokerages have recently issued reports on DOMO. Zacks Investment Research raised Domo from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, December 11th. Needham & Company LLC began coverage on Domo in a research report on Monday, January 14th. They set a “buy” rating and a $27.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $26.63.
TRADEMARK VIOLATION WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/tiaa-cref-investment-management-llc-purchases-new-stake-in-domo-inc-domo/2828018.html.
Domo Company Profile
Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
Featured Story: What is the Quick Ratio?
Want to see what other hedge funds are holding DOMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domo Inc (NASDAQ:DOMO).
Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.